Reference no: EM133011368

BSBFIM801 Manage financial resources

1.1 Establish and report on the capacity of existing financial systems

1.2 Forecast financial data and business system requirements

1.3 Analyse forecasted requirements

1.3 Prepare and plan budget forecasts according to organisational and statutory requirements

1.5 Prepare and present recommendations for budget expenditure or for modification of existing projections

2.1 Analyse the costs of, and returns from, assets and liabilities using standard accounting techniques to identify extent of debt and equity financing

2.2 Establish management responsibilities and legal requirements for reporting, in consultation with relevant organisational staff

2.3 Analyse and interpret financial reports and key information

2.4 Analyse and evaluate the effects of financial decisions on the ability of the organisation to meet planned outcomes

Short answer questions (explain with examples wherever possible)
1. List three (3) of the reports that could be established and used to report on the capacity of a financial system.

2. Describe two (2) different forecasting techniques which can be used to forecast financial data and business system requirements.

3. What are four (4) questions you might consider when analysing forecasted requirements?

4. Describe two (2) of the statutory requirements that must be taken into consideration when preparing and planning budget forecasts.

5. What are the types of issues could you prepare and present recommendations for, relating to budget expenditure or modification?

6. What technique should be used to analyse the costs of, and returns from, assets and liabilities to identify the extent of debt and equity financing?

7. What are the various reports which need to be lodged with the Australian Security and Investment Commission to meet compliance requirements and legislative responsibilities?

8. What types of management responsibilities should be established in relation to reporting and staff consultation?

9. What are the two (2) key methods used for analysing financial reports and key information?

10. What information will you need to review when analysing and evaluating the effects of the financial decisions on the ability of the organisation to meet planned outcomes?

11. Explain what is meant by the following:
a. COST OF CAPITAL

b. CAPITAL STRUCTURE

c. WORKING CAPITAL

BSBLDR803 Develop and cultivate collaborative partnerships and relationships

1.1 Generate trust, confidence and support from relevant stakeholders by demonstrating a high standard of personal performance and conduct

1.2 Implement communication strategies to represent the organisation positively to media, local community and stakeholders

1.3 Make decisions in consultation with relevant stakeholders and relevant individuals where appropriate

1.4 Use a range of influencing strategies to increase commitment from staff and stakeholders to achieve organisational requirements and to contribute to desired culture

1.5 Undertake selected community and/or professional engagements that project a positive image of the organisation to the broader community and stakeholders

2.1 Establish outcomes to be achieved from the partnership

2.2 Analyse and apply models for effective consultation and collaboration within partnerships

2.3 Cultivate collaborative communities and partnerships through application of a range of communication solutions

2.4 Forge relationships, collaborative communities or partnerships between organisations

Short answer questions (explain with examples wherever possible)
1. Describe three (3) ways you can demonstrate a high standard of personal performance and conduct to generate trust, confidence and support from relevant stakeholders?

2. Explain what actions will be completed as part of developing and implementing communication strategies to represent the organisation positively to media, local community and stakeholders? Discuss at least four (4)?

3. Outline why is it important to consult with relevant individuals and stakeholders when making decision?

4. Highlight what influencing strategies could be used to increase commitment from staff and stakeholders to achieve organisational requirements and to contribute to the desired culture? Discuss at least two.

5. Explain the importance of undertaking selected community and/or professional engagements that project, to the broader community and stakeholders, a positive image of the organisation?

6. List down five (5) outcomes that might establish with business partners?

7. Discuss two (2) models for effective consultation and collaboration within partnerships? List five (5) outcomes that might establish with business partners?

8. Identify the types of communication solutions that are used to cultivate collaborative communities and partnerships?

9. List four (4) reasons why organisations seek to forge collaborative relationships and partnerships?

10. Explain the three (3) major processes that can be established and used to contribute to the creation and maintenance of a positive culture that embraces collaboration positive workplace culture?

Attachment:- Manage financial resources.rar